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Zions Bancorp (NAS:ZION)
Cash Flow from Operations
$451 Mil (TTM As of Sep. 2014)

Cash flow from operations refers to the cash brought in through a company’'s normal business operations. It is the cash flow before any investment or financing activities. It is the cash version of net income.

For the three months ended in Sep. 2014, Zions Bancorp's Net Income From Continuing Operations was $96 Mil. Its DDA was $34 Mil. Its Change In Working Capital was $84 Mil. Its cash flow from deferred tax was $3 Mil. Its Cash Flow from Discontinued Operations was $0 Mil. And its Cash Flow from Others was $-18 Mil. In all, Zions Bancorp's Cash Flow from Operations for the three months ended in Sep. 2014 was $198 Mil.


Definition

Cash flow from operations refers to the cash brought in through a company’'s normal business operations. It is the cash flow before any investment or financing activities. It is the cash version of net income.

Zions Bancorp's Cash Flow from Operations for the fiscal year that ended in Dec. 2013 is calculated as:

Zions Bancorp's Cash Flow from Operations for the quarter that ended in Sep. 2014 is

Zions Bancorp Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2014 was 113.766 (Dec. 2013 ) + 126.558 (Mar. 2014 ) + 12.426 (Jun. 2014 ) + 198.248 (Sep. 2014 ) = $451 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Explanation

Cash flow from operations contains six items:

1. Net Income From Continuing Operations:
Net Income From Continuing Operations indicates the net income that a firm brings in from ongoing business activities. These activities are expected to continue into the next reporting period. It excludes extraordinary items, income from the cumulative effects of accounting changes, non-recurring items, income from tax loss carry forward, and preferred dividends.

Zions Bancorp's net income from continuing operations for the three months ended in Sep. 2014 was $96 Mil.

2. Depreciation, Depletion and Amortization:
Depreciation is a present expense that accounts for the past cost of an asset that is now providing benefits.
Depletion and amortization are synonyms for depreciation.
Generally:
• The term “depreciation” is used when discussing man made tangible assets
• The term “depletion” is used when discussing natural tangible assets
• The term “amortization” is used when discussing intangible assets

Zions Bancorp's depreciation, depletion and amortization for the three months ended in Sep. 2014 was $34 Mil.

3. Change In Working Capital:
Working Capital is a measure of a company's short term liquidity or its ability to cover short term liabilities. It is defined as the difference between a company's current assets and current liabilities. Changes in Working Capital is reported in the cash flow statement since it is one of the major ways in which net income can differ from operating cash flow.

Zions Bancorp's change in working capital for the three months ended in Sep. 2014 was $84 Mil. It means Zions Bancorp's working capital increased by $84 Mil from Jun. 2014 to Sep. 2014 .

4. Deferred Tax:
It is the cash flow generated from deferred tax.

Zions Bancorp's cash flow from deferred tax for the three months ended in Sep. 2014 was $3 Mil.

5. Cash Flow from Discontinued Operations:
Cash received by a company that comes from the sale of part of business.

Zions Bancorp's cash flow from discontinued operations for the three months ended in Sep. 2014 was $0 Mil.

6. Cash Flow from Others:
These are cash differences caused by the change of inventory, accounts payable, accounts receivable etc. For instance, if a company pays its suppliers slower, its cash position will build up faster. If a company receives payments from its customers slower, its account receivables will rise, and its cash position will grow more slowly (or even shrink).

Zions Bancorp's cash flow from others for the three months ended in Sep. 2014 was $-18 Mil.


Related Terms

Net Income From Continuing Operations, Depreciation, Depletion and Amortization, Change In Working Capital, Cash Flow from Discontinued Operations, Cash Flow from Others, Cash Flow from Investing


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Zions Bancorp Annual Data

Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14
NetIncomeFromContinuingOperations 480583494-2710-2963233482630
CF_DDA 1011341251402133733001851310
ChangeInWorkingCapital -31262-3201-570414232803640
CF_DeferredTax -329-159-231-15-2911610-600
Cash Flow from Disc. Op. 0000000000
Cash Flow from Others 236592761,3041,4301,0101581131790
Cash Flow from Operations 7541,0477331,1741,0581,4721,1287368770

Zions Bancorp Quarterly Data

Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14
NetIncomeFromContinuingOperations 1105811083112-41101120960
CF_DDA 4818382243283231340
ChangeInWorkingCapital -60-1093159137-25-55-37840
CF_DeferredTax 6-161-86-6078-5930
Cash Flow from Disc. Op. 0000000000
Cash Flow from Others -1083-4131-24212-30-43-180
Cash Flow from Operations 94134202288273114127121980
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